News
IRD starts crackdown on property investors' LAQCs
Tuesday 4th of November 2008
It has sent 33,000 letters to people who have residential properties in LAQCs.
“We are writing to these taxpayers to ensure they’re aware of our concerns about private homes held in LAQCs,” IRD says in one of its letters.
It says its concerns are about property-based LAQCs where people have their private family homes in an LAQC, then rent the property back to themselves...
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